An "implied" warranty will consist of
A)
both a warranty of merchantability and a warranty of fitness for purpose.
B)
only a warranty of merchantability.
C)
only a warranty of fitness for purpose.
D)
neither a warranty of merchantability nor a warranty of fitness for purpose.
A
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Hope is applying for an FHA loan to purchase $120,000 condominium. Her proposed monthly mortgage payment is $975, and she has a $200 car payment and $150 student loan payment. To afford this loan, her monthly income should be at least:
a. $543 b. $3,081 c. $3,681 d. $4,569
Which of the following statements about the form of a general partnership agreement is true?
A. It must be in writing if the partnership is to last for longer than 1 year. B. It must be in writing if partnership profits would not be equally divided. C. It must be in writing if any partner contributes more than $500 in capital. D. It could not be oral if the partnership would deal in real estate.